Cosmetic lasers are medical devices that are utilized for aesthetic or cosmetic treatments by using the technique of selective photothermolysis where light source emitting definite wavelengths is used to produce a thermal effect. The thermal effect which leads to the lysis or destruction of unwanted cells. However, the Cosmetic laser devices are mainly functioning on the principle of selective photo thermolysis whereas, photo refers to the frequency of light, thermo to produce heat and lysis means to destroy. Cosmetic laser techniques are least invasive and user-friendly. Here, the Cosmetic lasers-based application has been classified into hair removal, skin resurfacing, vascular lesions, scar & acne removal, body contouring, and others. Recent medical aesthetics technology has come a long way since it was first introduced nearly two decades ago. There is a constant and growing demand amongst men and women for this type of service in an attempt to combat the effects of aging.
Cosmetic Laser Market is valued at USD 2182.69 Billion in 2019 and expected to reach USD 5296.19 Billion by 2026 with the CAGR of 13.50% over the forecast period.
Rising implementation of non-invasive aesthetic processes is contributing to the growth of the market. The rapid development in emerging economies and technological advancement is expected to create revenue generation opportunities for the manufacturers of cosmetic lasers. According to cosmetic procedures ethical issues in 2017, the estimate of the UK cosmetic procedures was £3.6 billion in 2015, up from £720 million in 2005. In the US, the cosmetic surgery market alone was assessed in 2015 as $20 billion. Besides, the increase in innovative product launches and growth of medical tourism across the globe is supporting the growth of the market. However, high cost and stringent regulatory requirements for aesthetic procedures are the key factors hampering the growth of the global market.
Geographically, North America is dominating the global cosmetic lasers market. Hence, the increased awareness and accessibility to advanced technologies. Moreover, increasing prevalence of skin problems including acne, pigmentation and scarring drives the market growth. Furthermore, increasing rate of cosmetic surgery procedures among the older group is also expected to result in higher demand for cosmetic laser market globally over the forecast period. Asia Pacific region is at second position in dominance is expected to be the fastest growing region in global cosmetic lasers market. The factors such as the aging population, disposable incomes and low procedural costs are driving the market growth. There are also rise in the incidents such as acid attacks and burn injuries making people opt for the aesthetic procedures.
Candela, Palomar, Syneron, Deka, Hoyoconbio, Lumensis, Solta Medical, Cutera, Alma, Cynosure and others.
Candela Medical established in 1970 and headquarter Wayland, Massachusetts
Specialties in medical-aesthetic applications including benign vascular and pigmented lesions, scars, hair removal, facial resurfacing, wrinkle reduction, women's health treatments, tattoo removal, acne, leg veins, cellulite, and body shaping
Lumenis established in 1966 and headquarter in Yokne'am Ilit, Tsafon. Specialties in Aesthetic, Surgical and Eye Care applications.
Aesthetics (Hair Removal, Body, Skin Treatments, Tattoo Removal, Women’s Health)
Medical (Urology, Vision, Gynecology, ENT, Gastroenterology, Pulmonary/Thoracic)
Solta Medical, a division of Bausch Health Companies Inc., is a global leader established in 1995 and headquarter in Raleigh, North Carolina. Specialties in Medical Aesthetics.
Cutera, Inc. established in 1998 and headquarter in Brisbane, CA. Specialties in Medical Devices, Aesthetics Procedures, Dermatology, Cosmetic Procedures, Plastic Surgery, Laser technologies, Light technologies, RF energy based technologies, Laser Hair Removal, Laser Tattoo Removal, Skin Revitalization, Vascular Lesions, Benign Pigmented Lesions, and Manufacturing.
Cynosure, LLC. Established in 1991 and headquarter in Westford, MA. Specialties in hair removal, skin revitalization, scar reduction, gynecological health, body contouring, and more.
DEKA Research & Development Corporation is a technology company established in 1982 and headquarter in Manchester, NH.
Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the Cosmetic lasers industry.
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26 Feb 2021